Oil exports give Britain a record trade surplus

Bywith analysis from monitor correspondents around the worldedited by Randy ShippAugust 19, 1980

London
— Britain announced Monday a record $:311 million ($730 million) balance-of-payments surplus in July, an unexpected boost to its struggling economy. A major factor was net exports of oil worth $240 million, the Trade Department said. However, non-oil trade also showed a surplus of $374 million, the highest since 1977.